-JPMorgan Chase pays $4 400000000 in fines and settlements as U.S. banks grapple with hundreds of ongoing legal problems: Report-Daily Hodl
JPMORGAN Chase has already paid more than 400 billion yen in fines and settlements in lawsuits related to regulatory, law enforcement, anti-competitive practices, securities abuses and other violations.
This is new data from the publicly available Violation Tracker, a corporate misconduct database that tracks cases from 2000 to the present. In the last seven quarters alone, Jpmorgan Chase has paid $2 billion to settle a number of claims against the banking giant, according to Wall Street On Parade.
The bank paid the sum to settle allegations of criminal misconduct, regulatory violations, market manipulation, Jeffrey Epstein's alleged involvement in sex trafficking propaganda and other legal and ethical violations. Late last month, Jpmorgan signed five contracts with U. S. regulators and paid £15.100 million to settle allegations of false disclosure, breach of fiduciary duty and prohibited transactions.
After a series of lawsuits, Jpmorgan Chase says in a new document that there are now hundreds of lawsuits open.
These cases include both government lawsuits, such as those filed by regulators like the SEC and the Department of Justice, and private lawsuits, such as class actions.
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